QUADRIGA INITIATIVE
CRYPTO WATCHDOG & FRAUD RECOVERY PLATFORM
A COMMUNITY-BASED, NOT-FOR-PROFIT
UNKNOWN
SEPTEMBER 2017
GLOBAL
BITFINEX
DESCRIPTION OF EVENTS
"Bitfinex is a Hong Kong-based cryptocurrency exchange owned and operated by iFinex Inc., which is headquartered in Hong Kong and registered in the British Virgin Islands." "The Bitfinex exchange is a popular platform for exchanging cryptocurrencies, also hosting spot and derivatives trading as well as certain lending, borrowing and staking features. Bitfinex came into existence in 2012." "BitFinex offers three main functions - it is a pure bitcoin to fiat exchange, a margin trading exchange and a liquidity provider. The platform offers a number of features available that expand the financial positions you can take - for example, the ability to short Bitcoin via margin trading."
"Bitfinex also has its own utility crypto token called Unus Sed Leo (LEO). Because it restricts a number of regions, Bitfinex U.S. customers are not allowed. On Bitfinex, KYC and Anti-Money Laundering procedures are employed." "It serves all except few countries in the world (mentioned below) and supports both fiat-to-crypto and crypto-to-crypto trades. Other notable features include margin trading, limit and stop orders, over-the-counter (OTC) trades, and others. While there are many options available, everything is laid out in an impressively intuitive fashion, with easy-to-navigate dashboards and menus."
"Back in September last year, exchange desk Bitfinex took to Twitter to warn its users that attackers have made a phishing website that closely resembles the official service."
"Be aware: a phishing website is online that closely resembles bitfinex.com. The attackers are using domain bitfienex.com"
In September 2017, hackers set up the domain bitfienex.com as a phishing website against the Bitfinex platform. It is unknown how many users were affected, though there are no reports of any funds lost.
Cryptocurrency scammers tricking users with fake Binance links on Google (Mar 23)
@bitfinex Twitter (May 4)
Bitfinex | Cryptocurrency Exchange | Bitcoin Trading | Futures Trading | Margin Trading (Sep 15)
Bitfinex | About Us (Sep 15)
